MICROSTRATEGY INC. - Daily - Technical analysis published on 10/15/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
67%
11%
22%
My opinion
Bullish above 191.92 USD
My targets
219.87 USD (+9.03%)
235.80 USD (+16.93%)
My analysis
The bullish trend is currently very strong on MICROSTRATEGY INC.. As long as the price remains above the support at 191.92 USD, you could try to benefit from the boom. The first bullish objective is located at 219.87 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 235.80 USD as an objective. Crossing it would then enable buyers to target 260.15 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.5
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This analysis was given by hsokkar. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The MICROSTRATEGY INC. price is 201.67 USD. The price registered a decrease of -5.14% on the session and was traded between 201.43 USD and 227.15 USD over the period. The price is currently at +0.12% from its lowest and -11.22% from its highest.201.43
227.15
201.67
The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.
Opening Gap UP
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
New HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of MICROSTRATEGY INC. indicates that the overall trend is strongly bullish. 89.29% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The probability of a further increase are moderate given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : Daily
CCI indicator: bearish divergence
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
Price
| S3 | S2 | S1 | Price | |
|---|---|---|---|---|
| ProTrendLines | 127.29 | 150.01 | 191.92 | 201.67 |
| Change (%) | -36.88% | -25.62% | -4.83% | - |
| Change | -74.38 | -51.66 | -9.75 | - |
| Level | Major | Major | Major | - |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 167.30 | 184.36 | 193.02 | 210.08 | 218.74 | 235.80 | 244.46 |
| Camarilla | 194.60 | 196.96 | 199.31 | 201.67 | 204.03 | 206.39 | 208.74 |
| Woodie | 163.09 | 182.26 | 188.81 | 207.98 | 214.53 | 233.70 | 240.25 |
| Fibonacci | 184.36 | 194.19 | 200.26 | 210.08 | 219.91 | 225.98 | 235.80 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 167.30 | 184.36 | 193.02 | 210.08 | 218.74 | 235.80 | 244.46 |
| Camarilla | 194.60 | 196.96 | 199.31 | 201.67 | 204.03 | 206.39 | 208.74 |
| Woodie | 163.09 | 182.26 | 188.81 | 207.98 | 214.53 | 233.70 | 240.25 |
| Fibonacci | 184.36 | 194.19 | 200.26 | 210.08 | 219.91 | 225.98 | 235.80 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 62.42 | 88.05 | 128.33 | 153.96 | 194.24 | 219.87 | 260.15 |
| Camarilla | 150.48 | 156.52 | 162.56 | 168.60 | 174.64 | 180.68 | 186.73 |
| Woodie | 69.74 | 91.71 | 135.65 | 157.62 | 201.56 | 223.53 | 267.47 |
| Fibonacci | 88.05 | 113.23 | 128.79 | 153.96 | 179.14 | 194.70 | 219.87 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 67.12 | |
| MACD (12,26,9): | 15.5900 | |
| Directional Movement: | 31.02 | |
| AROON (14): | 100.00 | |
| DEMA (21): | 191.09 | |
| Parabolic SAR (0,02-0,02-0,2): | 178.00 | |
| Elder Ray (13): | 32.94 | |
| Super Trend (3,10): | 169.55 | |
| Zig ZAG (10): | 201.67 | |
| VORTEX (21): | 1.1700 | |
| Stochastique (14,3,5): | 79.22 | |
| TEMA (21): | 201.90 | |
| Williams %R (14): | -33.68 | |
| Chande Momentum Oscillator (20): | 35.69 | |
| Repulse (5,40,3): | -6.5800 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 1.1800 | |
| Courbe Coppock: | 56.43 |
| MA7: | 191.62 | |
| MA20: | 167.60 | |
| MA50: | 146.56 | |
| MA100: | 150.16 | |
| MAexp7: | 191.73 | |
| MAexp20: | 172.56 | |
| MAexp50: | 156.80 | |
| MAexp100: | 147.05 | |
| Price / MA7: | +5.24% | |
| Price / MA20: | +20.33% | |
| Price / MA50: | +37.60% | |
| Price / MA100: | +34.30% | |
| Price / MAexp7: | +5.18% | |
| Price / MAexp20: | +16.87% | |
| Price / MAexp50: | +28.62% | |
| Price / MAexp100: | +37.14% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
News
The latest news and videos published on MICROSTRATEGY INC. at the time of the analysis were as follows:
- Vortex Brands Co. Acquires MicroStrategy Stock as Strategic Asset
- Vertosoft Named as Federal Partner of the Year at MicroStrategy World 2024
- MicroStrategy Cloud enables University of Auckland to Revolutionise Data Accessibility
- Thinking about trading options or stock in NVIDIA, Mongodb, MicroStrategy, Carnival, or AT&T?
- Vertosoft Named as New Distributor for MicroStrategy
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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